Leading European Prepaid Online Payment Solution paysafecard Launches in the U.S. Market

VIENNA and NEW YORK - October 12, 2010

paysafecard, Europe’s most popular prepaid voucher for online payments, is now available in the United States. paysafecard provides consumers with an easy and secure prepaid solution to make purchases in online games. paysafecard vouchers are already available at more than 12,000 outlets in the U.S. in denominations of $10, $25, $50 and $100. The vouchers are redeemable in any game that offers paysafecard as a payment method. paysafecard vouchers are the only prepaid solution of its kind issued and secured by a U.S. bank.

When making a payment using paysafecard, gamers’ financial privacy remains fully intact. paysafecard vouchers contain secure 16 digit pin codes which can be redeemed to buy in-game items and virtual goods in today's most popular online games in the US that accept paysafecard as a payment method.

Unlike open loop prepaid cards commonly found in the U.S. that charge consumers fees per use, paysafecard vouchers do not charge any additional fees to the consumer.

Gamers who use paysafecard are free from the hassles of an extended online registration process and protected by a secure, closed spending process backed by the Bancorp Bank Payment Solutions Group. Such a partnership ensures that paysafecard partners and consumers have access to the safest online prepaid solution on the market.

“The United States has the biggest economy in the world with tremendous market potential for prepaid payment solutions,” said Michael Mueller, CEO of paysafecard group.“Although credit cards are widely used in the U.S., there are still millions of people who lack credit cards or bank accounts, or are uncomfortable using them to spend money in online games. Together with our partner, The Bancorp Bank, we now offer a secure and accessible prepaid cash solution for gaming developers and publishers to integrate into their games in the U.S."

On a global scale, paysafecard has already been incorporated as a leading payment method by many of the world's largest online gaming companies. As paysafecard continues to expand in the United States, paysafecard will extend such relationships and build the most secure payments network for U.S. gaming companies, such as NHN USA, which has already adopted paysafecard as a prepaid payments solution for its players.

For more information, please visit http://www.paysafecard.com/us/.

About paysafecard group

The paysafecard group, founded in 2000 in Austria and Germany, already operates in 26 countries worldwide with offices in Vienna, London, Bern, Buenos Aires and New York. With their successful online prepaid vouchers, the paysafecard group has established itself as Europe’s leading provider of prepaid payment solutions. In 2009 the group won awards for being the‘Leading Prepaid Organization in Europe’ and the‘Best Prepaid Company outside USA'. For more information, please visit www.paysafecard.com

About The Bancorp Payment Solutions Group

The Bancorp Payment Solutions Group, a division of The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), offers secure, creative and innovative payment solutions to the prepaid card industry. As a leading issuer of prepaid cards, The Bancorp Payment Solutions Group develops cutting-edge prepaid card programs that meet the rapidly changing needs of the prepaid industry. Through long-standing relationships with the card networks, leading program managers and processors, The Bancorp Payment Solutions Group designs compliant, innovative and flexible prepaid card programs which deliver outstanding results. For more information about The Bancorp Payment Solutions Group please visit www.thebancorppsg.com.

Andy Rosenberg, TriplePoint for paysafecard

212-730-9744

andy@triplepointpr.com


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